The estate of pop artist Robert Indiana has reached a settlement that keeps intact a longstanding relationship with Morgan Art Foundation, which holds the copyright for his iconic 1960s “LOVE” series, to promote and preserve his work, officials said.
It accused the reclusive artist's caretaker and an art publisher of taking advantage of Indiana and producing forgeries — accusations the pair denied. That led to more claims and counter claims.
Under the agreement, Morgan dropped its lawsuit against the estate and Indiana’s caretaker but not against the art publisher.who claims the estate paid excessive legal fees during litigation. That lawsuit contends $3.7 million paid to four law firms and about $400,000 collected by the estate’s personal representative were excessive.
Indiana created a lifetime of art but he’s best known for LOVE, spelled with two letters to a line and with a tilted “O.”The goal is display such artwork in a home museum that's going to be created atin a converted Odd Fellows Hall, a Victorian-style building, on Vinalhaven. Indiana also had several other properties that could be utilized for the art museum, art education and artist-in-residency programs, Sterrs said.
In the meantime, though, Morgan Art Foundation and the Star of Hope Foundation will work together to get the artwork in front of people at venues around the world, Sterrs said. Most of the estate's $80 million worth cited in court documents comes from the art collection. “The future is bright for the market and legacy of Robert Indiana, and the estate is pleased to have helped create this success,” said James Brannan, a Rockland attorney for the estate.A post online claims the recent increase in gas prices is associated with President Joe Biden. This is false.CLAIM: COVID-19 vaccines make people produce a spike protein that is a toxin and can spread to other parts of the body and damage organs.
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